Monday, July 21, 2008

1 click trading on OANDA

OANDA finally gave us 1-click trading now on fx-trade beta. Well today I had opportunity to really use it as my edge. In really short term trading, scalping, speed is everything. So when opportunity arise there is no time for messing around with order windows. As you can see on that 5 sec chart I had sell than cover because it started coming back and than again sell and quick cover. If I had to open order windows and change it from sell to buy I wouldn't be concentrated on the screen and I probably wouldn't be so quick. Now it's enough just to click on buy or sell field on the rates window and I'm in or out in a second. So this is great new tool and with ultra small spreads OANDA is just great for trading forex.


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